Socialist candidate Hollande defeats Sarkozy in French presidential race

[muriel_volestrangler]

62. No, I think it's 75% of income, not of accrued wealth

"Above 1m euros [£847,000; $1.3m], the tax rate should be 75% because it's not possible to have that level of income," he said.

http://www.bbc.co.uk/news/world-europe-17189739

France does already have a tax on accrued wealth, but it's far smaller than that:

Table: French Wealth Tax Bands 2011
Fraction Taxable Rate of Tax
€1,300,000 - €2,570,000 0.75%
€2,570,000 - €4,040,000 1.00%
€4,040,000 - €7,710,000 1.30%
€7,710,000 - €16,790,000 1.65%
Over €16,790,000 1.80%

http://www.french-property.com/guides/france/finance-taxation/taxation/wealth-tax/rate/